- The Nation recently published an article focused on the opportunity of employee ownership to build a more “humane economy,” highlighting the work of Fifty by Fifty, TDC’s project focused on turning 50 million employees into owners by 2050. Fifty by Fifty recently published an article exploring barriers for minority-owned businesses to convert to ESOPs and detailing the impact of current government contracting preferences.
- Last month also marked the 100th anniversary of the publicly-owned Bank of North Dakota. Research Director Thomas Hanna and Program Associate Adam Simpson wrote a piece in In These Times commemorating the anniversary and discussing current movements for public banking.
- Policy Associate Peter Gowan was quoted in a Washington Post article about the growing momentum around reducing working hours.
- An article in Pensions Expert highlights the Lancashire County Council Pension Fund, an element of the Preston Model of community wealth building, which has invested £200m in its local community since 2013.
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New from The Democracy Collaborative
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The Health Foundation recently released a report on how the UK’s National Health Service (NHS) can maximize its role as an anchor institution, leveraging its sizeable economic footprint to improve health and wellbeing. The report, which incorporates research from The Democracy Collaborative and the Centre for Local Economic Strategies (CLES), discusses activities currently underway within the NHS and makes the case for further investment in the areas of procurement, hiring, capital assets and land use, sustainability, and community partnerships. Read a press release about the report here and download the report here.
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Why governments should prioritize wellbeing
In this TED Talk, Nicola Sturgeon, First Minister of Scotland, discusses the importance of working towards a “wellbeing economy,” instead of traditional economic development policy that prioritizes growth of GDP. Scotland is one of the three members of the Wellbeing Economy Governments (WEGo) partnership.
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Election-year debate: “Wish-list economics” or necessary transformation?
One of the key points of contention in the Democratic primary race is defining what policies and proposals are “radical” and which are “pragmatic.” This episode of the Next System Podcast features several TDC staff members giving their ideas about what should be on a “wish list” for economic transformation, and the need for radical proposals.
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Reparations Now Toolkit
Released by the Movement for Black Lives (M4BL), this toolkit provides individuals, organizations, and communities with resources for facilitating pubic discussion on, and organizing around, reparations for Black people in the United States. The toolkit includes a history of the struggles around reparations, outlines the historical and legal frameworks underlying such demands, and makes the case that reparations are essential. The toolkit includes discussion guides for group activities and case studies to support organizers seeking reparations at the institutional, local, state, and international levels. Read more here.
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Toolkit on Rural Electric Cooperatives
Over 40 million residents in the US receive their power from Rural Electric Cooperatives (RECs). While these member-owned utilities have the potential to catalyze a transition to renewable energy, many operate like traditional utilities, powered by fossil fuels and with very little participation from members. This new toolkit from the New Economy Coalition provides resources for members of RECs to democratize their electric co-op, and build a campaign around member priorities, such as clean energy, rural broadband, and inclusive financing. Read more here.
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NYC Kids RISE
With a goal of making attendance and graduation from college more achievable for all public school students, NYC Kids RISE operates the Save for College Program in partnership with the NYC Department of Education and the City of New York. The program provides a universal scholarship and savings platform to NYC families, helping to increase college attainment while reducing the amount of debt that students and their families have to take on.
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